discoverIE Group plc Result of General Meeting (9194V)

TIDMDSCV

RNS Number : 9194V

discoverIE Group plc

26 July 2018

discoverIE Group plc

Poll Results of General Meeting

discoverIE Group plc (LSE: DSCV, "discoverIE" or "The Group"), a leading international designer, manufacturer and supplier of customised electronics to industry, announces that, at the General Meeting held earlier today, the resolution as set out in the Notice of the Meeting were passed on a poll. The following table shows the votes cast on the resolution:

 
     Special Resolution                       For   Against    Chairman's   Withheld 
                                                               Discretion 
 
     a) To authorise the 
      appropriations of 
      distributable profits 
      of the Company (as 
      shown in the interim 
      accounts of the Company) 
      to the payment of 
      the Relevant Dividends 
      having a total value 
      of GBP7,724,202.76. 
      b) To authorise the 
      appropriation of distributable 
      reserves in relation 
      to the EBT payments 
      by way of a loan totalling 
      less than GBP100,000 
      c) To waive and release 
      any and all claims 
      which the Company 
      has or may have against 
      each of its shareholders 
      who appeared on the 
      register of shareholders 
      on the relevant record 
      date for each Relevant 
      Dividend arising out 
      of or in connection 
      with the payment of 
      the Relevant Dividend. 
      d) To waive and release 
      any and all claims 
      which the Company 
      has or may have against 
      each of its Related 
      Party Directors arising 
      out of or in connection 
      with the approval, 
      declaration or payment 
 1    of the Relevant Dividends.       52,319,357         0         8,772     12,986

As at today's date discoverIE Group plc has 73,335,194 ordinary shares in issue.

A copy of the resolutions approved by Shareholders will be placed on the National Storage Mechanism.

Joanna Harkus Madge

Group Company Secretary

For further information please contact:

discoverIE Group plc

Joanna Harkus Madge - Group Company Secretary 01483 544500

Instinctif Partners

Mark Garraway 0207 457 2020

Helen Tarbet

James Gray

Notes to Editors:

About discoverIE Group plc

discoverIE Group plc (previously Acal plc) is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.

The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. With in-house engineering capability, we are able to design components to meet customer requirements, which are then manufactured and supplied, usually on a repeating basis, for their ongoing production needs. This generates a high level of repeating revenue and long term customer relationships.

By focusing on key markets which are driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical and industrial connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions.

The Group employs c.4,000 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.

The Group is listed on the Main Market of the London Stock Exchange and is a member of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenue of GBP0.4bn. Over the last five years, revenue and underlying earnings per share have more than doubled.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 26, 2018 09:45 ET (13:45 GMT)

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